Summary - THE RAJ BAR, EDDYSTONE ROAD PL27 7AL
1 bed 1 bath Commercial Property
Period restaurant with conversion potential and immediate rental income appeal.
Prominent river-front restaurant unit with strong seasonal footfall
Large ground-floor dining area plus fully fitted commercial kitchen
First floor offers substantial storage and conversion potential (previous consent)
Let on FR&I lease with c.15 years unexpired; passing rent £24,000pa
Short lease term may limit mortgage availability for some buyers
EPC rating E (117); electric storage heating and no wall insulation assumed
Constructed of period granite; requires energy and cosmetic upgrades
Off-street parking nearby; low flood risk; crime level above average
A prominent period restaurant unit with river-front views and strong seasonal footfall on the Camel Trail. The ground floor offers a spacious dining area, a fully fitted commercial kitchen and attractive wooden floors, while large double-glazed windows provide good natural light and a Juliet balcony overlooks the River Camel and adjacent car park.
The first floor (previously granted consent for conversion to a residential flat) provides substantial additional space and development potential, subject to confirming planning. The property is let on a full repairing and insuring lease with a passing rent of £24,000 and approximately 15 years unexpired, offering an immediate income stream for a buyer seeking an investment with operational continuity.
Buyers should note material considerations: the lease term is relatively short (c.15 years remaining) which may limit mortgage options and restrict some purchasers. The building has an EPC rating of E (117), electric storage heating and stone walls likely without insulation — upgrading energy performance and heating would be required to modernise and reduce running costs.
Well positioned for visitors and locals, the unit benefits from off-street parking nearby, excellent mobile signal and fast broadband. It will suit an investor comfortable with a mid-term leased commercial asset and a buyer willing to invest in energy, refurbishment or potential residential conversion subject to consent and lease considerations.
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